Automotive Wiring Harness Market - Set To Register A CAGR Of 8 Percent During The Predicted Phase

Posted on January 6th, 2015 by Media Found

Automotive wiring harness is utilized to bring together the cabling of various electrical and electronic devices into a solo system. A wiring harness system enables data and power transfer to various electronic and electrical devices in an automobile.

Escalations in the number of vehicles in the world and forthcoming security policies in emerging nations drive the automotive wiring harness market ahead. The market has seen upward development in emerging and developed countries.
The worldwide automotive wiring harness market, with respect to worth, is anticipated to expand during the predicted phase. This phase is from 2014 to 2019. The market is expected to register a CAGR of about 8 percent during the same.
The automotive wiring harness market is fragmented into applications, vehicle kinds and geographical regions. On the basis of applications, the market is segmented into chassis, engine, body, speed sensors and HVAC wiring harness.
The automotive wiring harness market is divided on the basis of vehicle kinds into heavy and light vehicles. It is also divided further into the regions of North America, Asia Pacific, Europe and rest of the world. Asia Pacific is expanding greatly and North America and Europe are developed markets. The need for automotive wiring harness in North America and Europe is anticipated to rise affably.
Automotive Wiring Harness MarketSource: Grand View Research